Commercial Account Manager, Portfolio Management

EQ Bank
Toronto
On-site
Full-time
Posted about 1 year ago
Commercial Portfolio Management

Job Description

The Work
 
As part of a growing and dynamic Commercial Portfolio Management team, the Account Manager is responsible for underwriting renewals, assumptions, and annual reviews relating to all commercial mortgage product types. The Account Manager must adhere to established policies and underwriting standards, meeting compliance and control requirements, while providing solutions to clients in a timely manner in order to achieve service goals, as well as annual retention targets. Additional credit related and administrative duties are required, such as reporting, pipeline management, as well as managing relationships with external business partners and various staff within the Commercial Department & other internal departments.

Responsibilities

The core parts of your role would be to:

  • On a daily basis, the incumbent will manage renewals, assumptions, annual reviews, and ad-hoc requests, in order to meet prescribed deadlines. Attention must be made to ensure that compliance with the Bank’s established lending guidelines, risk appetite, and procedures are followed with recommendations submitted to the appropriate level of authority for approval. The incumbent is responsible to ensure all lending criteria, including maintaining acceptable ROE thresholds, have been satisfied on deals underwritten, and outstanding documentation or conditions, if any, are being met in a timely manner.
  • On a daily basis, the incumbent is responsible for ensuring superior customer service is being delivered.
  • On a daily basis, the incumbent will communicate with external contacts (partners, brokers, counsel, etc.) and internal contacts (management, funders, coordinators, etc.) to ensure all transactions and ad-hoc requests are meeting prescribed deadlines in a timely and efficient manner while delivering superior customer service.
  • On a daily basis, the incumbent will be responsible for contributing to special projects as assigned from time to time.
  • Job Complexities/Thinking Challenges

  • The position requires an individual to be a self-starter and make sound underwriting decisions as efficiently as possible. The incumbent should be prepared to manage files of greater complexity at all times and shall possess strong cognitive skills, professional judgement and the ability to work independently with minimal supervision to properly assess individual transactions and rely on past experiences to assist in mitigating risk. The incumbent is required to follow corporate policies, procedures and regulatory requirements in order to work through files and rationalize the recommendations or decisions made. In some cases, viability is assessed with limited access to information or documentation. As such, the incumbent must be able to draw on specific product/document knowledge to assess suitability.
  • Requirements

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  • Proficient underwriting skills preferably with a minimum 3-5 years’ commercial mortgage experience and/or SFR underwriting experience
  • Working knowledge of AML/ATF regulations and Corporate/Legal documentation for commercial real estate in multiple jurisdictions across Canada
  • Post-secondary education (diploma/degree) preferably in business or finance
  • Bilingualism (French/English) is considered an asset
  • Sound technical knowledge of commercial real estate underwriting, financial statement analysis and factors affective the commercial mortgage market
  • Good working knowledge of MS Office (primarily Word and Excel)
  • Effective analytical and problem solving skills
  • Strong organizational and time management skills
  • Ability to handle multiple competing priorities
  • Strong negotiation skills
  • Demonstrated ability to work independently to achieve goals
  • Highly developed verbal and written communication skills with the ability to communicate to Senior Management and Partners in a clear, concise and professional manner
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